Devon Energy Files Pro Forma Financials Post-Coterra Merger
DVN sits 56% above its 52-week low of $30.24.
Summary
Devon Energy has filed unaudited pro forma combined financial statements, offering the first comprehensive historical financial view of the company post-merger with Coterra Energy.
Key Events · M&A and Partnerships · DVN
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Pro Forma Financials Filed
Devon Energy filed unaudited pro forma combined balance sheets and statements of operations, reflecting the completed merger with Coterra Energy.
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Merger Integration Details
The pro forma statements present the combined financial position as of March 31, 2026, and results of operations as if the merger had occurred on January 1, 2025.
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Preliminary Estimates
The financial statements are preliminary and subject to change as Devon Energy finalizes the detailed valuation study for the acquired Coterra assets and liabilities.
Analysis · DVN · Energy & Transportation
This 8-K provides the first unaudited pro forma combined financial statements for Devon Energy following its merger with Coterra Energy, which completed on May 7, 2026. These statements are crucial for investors and analysts to understand the historical financial performance and position of the combined entity, enabling more accurate future modeling and valuation. While preliminary and subject to change, they establish a new financial baseline for the company.
At the time of this filing, DVN was trading at $47.13 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $54.3B. The 52-week trading range was $30.24 to $52.71. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.